Cleveland Heights, OH 44118,1683 Colonial DR
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Cleveland Heights, OH 44118,1683 Colonial DR
Cleveland Heights, OH 44118,1683 Colonial DR
Cleveland Heights, OH 44118,1683 Colonial DR
Cleveland Heights, OH 44118,1683 Colonial DR
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Suede Beverly

Suede Beverly

+1(234) 817-1312
$ 345,000
Est. payment /mo
Save
Active

1683 Colonial DR Cleveland Heights, OH 44118

7 Beds

3 Baths

2,799 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,799 sqft

Price per Sqft $123

Subdivision Minor Heights

MLS Listing ID 5168272

Bedrooms 7

Full Baths 3

Construction Status Updated/Remodeled

HOA Y/N No

Abv Grd Liv Area 2,799

Year Built 1912

Annual Tax Amount $9,662

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Triplex

Property Description

Investor's dream meets house-hacker's paradise! This fully updated three-unit gem is just minutes from the vibrant Coventry Village, offering both strong returns and endless flexibility. The first-floor unit is a spacious 3-bed, 1-bath leased for $1,500/month, while the freshly vacated second-floor 3-bed, 1-bath (previously rented at $1,800/month) is move-in ready, perfect for an owner-occupant to live in comfort while your tenants pay the mortgage. The third unit, a charming 1-bed, 1-bath Airbnb/midterm rental, averages $1,500/month, giving you multiple income streams and short-term rental upside. Once fully occupied, enjoy an impressive 10%+ cap rate and nearly 15% cash-on-cash return, a true turnkey opportunity whether you're adding to your portfolio or diving into your first investment. With modern updates, central air, reliable income, and unbeatable proximity to shops, dining, and nightlife, this property delivers financial freedom and lifestyle flexibility in one rare package. *Note - County auditor website states that there are 4 bedrooms and 2 bathrooms but the owner states that there are 7 bedrooms and 3 bathrooms.

Location

State OH

County Cuyahoga

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Central Air, None

Fireplace No

Exterior

Parking Features Detached, Garage, On Site, Paved

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt,Shingle

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Construction Status Updated/Remodeled

Schools

School District Cleveland Hts-Univer - 1810

Others

Tax ID 684-33-063

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Northern Ohio Regional MLS (YES-MLS)
Listed by Tal Tamir • Russell Real Estate Services • tal@premierclevelandinvesting.com, 216-870-8687
SCHOOLSPROPERTIES
Elementary Schools 20
  • 6

    Fernway Elementary School

    Public | KG - 4

  • 5

    The Intergenerational School

    Public | KG - 8

  • 5

    Mary McLeod Bethune PreK-8 School

    Public | PK - 8

  • 5

    Roxboro Elementary School

    Public | KG - 5

  • 5

    Boulevard Elementary School

    Public | KG - 4

  • 5

    Woodbury Elementary School

    Public | 5 - 6

  • 5

    Onaway Elementary School

    Public | PK - 4

  • 5

    Fairfax Elementary School

    Public | KG - 5

  • 5

    Canterbury Elementary School

    Public | KG - 5

  • 5

    Rowland Elementary School

    Public | PK - 3

  • 5

    Adrian Elementary School

    Public | KG - 3

  • 5

    Gearity Professional Development School

    Public | PK - 5

  • 4

    Phoenix Village Academy Primary 2

    Public | 3 - 6

  • 4

    Superior Elementary School

    Public | PK - 6

  • 4

    Mayfair Elementary School

    Public | KG - 6

  • 4

    Boulevard Elementary School

    Public | KG - 5

  • 4

    Oxford Elementary School

    Public | KG - 5

  • 3

    Kenneth W. Clement Boys' Leadership

    Public | PK - 8

  • 3

    Caledonia Elementary School

    Public | KG - 6

  • 3

    Noble Elementary School

    Public | PK - 5

Middle Schools 5
  • 5

    Roxboro Middle School

    Public | 6 - 8

  • 5

    Shaker Hts Middle School

    Public | 7 - 8

  • 3

    Monticello Middle School

    Public | 6 - 8

  • 2

    Heritage Middle School

    Public | 7 - 8

  • 0

    Frank L Wiley Middle School

    Public | 6 - 8

High Schools 11
  • 6

    Shaker Hts High School

    Public | 9 - 12

  • 4

    Glenville High School

    Public | 9 - 12

  • 4

    MC2STEM High School

    Public | 9 - 12

  • 3

    Collinwood High School

    Public | 9 - 12

  • 1

    Shaw High School

    Public | 9 - 12

  • 1

    Cleveland Heights High School

    Public | 9 - 12

  • 0

    Montessori High School at University Circle

    Private | 9 - 12

  • 0

    George V. Voinovich Reclamation Academy

    Public | 9 - 12

  • 0

    Life Skills of Northeast Ohio

    Public | 9 - 12

  • 0

    Beaumont School

    Private | 9 - 12

  • 0

    Lutheran High School East

    Private | 9 - 12

School and business data provided by Attom Data.

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1683 Colonial DR